Insider at Royal Caribbean Cruises (RCL) Makes Significant Sale of Stock

Tuesday, November 14, 2017 10:15 PM ET

Insider at Royal Caribbean Cruises (RCL) Makes Significant Sale of Stock

An insider disposed of 20,000 shares of Royal Caribbean Cruises having a market value of approximately $2,475,206 today, as disclosed in a form 4 document filed with the SEC. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 60,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 80,000 shares and have averaged 40,000 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at Royal Caribbean Cruises is less than its 4-company peer group average. The Cruise Lines peer group saw 10 buy/sell trades during this period for an average of 2.5 transactions per company. This trading also represents a lower number of shares per transaction. Within the peer group there were 0 shares purchased and 13,388,613 shares sold with company insiders having sold 1,338,861 shares on average over this time period.

Significant insider buying and selling activity has been determined by eliminating all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers in data used in creating and writing this story.

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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